JB Capital Partners LP Purchases Shares of 85,000 Oil States International, Inc. $OIS

JB Capital Partners LP purchased a new position in shares of Oil States International, Inc. (NYSE:OISFree Report) in the second quarter, Holdings Channel.com reports. The firm purchased 85,000 shares of the oil and gas company’s stock, valued at approximately $680,850,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in shares of Oil States International in the 1st quarter valued at about $2,839,000. Kennedy Capital Management LLC lifted its stake in Oil States International by 8.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company’s stock worth $9,834,000 after purchasing an additional 113,541 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Oil States International by 157.0% during the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock worth $2,933,000 after purchasing an additional 334,279 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Oil States International by 1.7% in the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock valued at $1,981,000 after purchasing an additional 4,989 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Oil States International in the second quarter valued at approximately $505,000. 97.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Susquehanna lowered their target price on shares of Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Stifel Nicolaus lowered their target price on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, July 31st. Raymond James Financial dropped their target price on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Finally, Weiss Ratings lowered shares of Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Oil States International currently has a consensus rating of “Hold” and a consensus price target of $11.33.

Read Our Latest Report on OIS

Oil States International Stock Down 0.3%

Oil States International stock opened at $8.67 on Friday. The company has a market capitalization of $523.00 million, a P/E ratio of -4.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.29 and a current ratio of 2.35. Oil States International, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $14.50. The stock has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $9.71.

Oil States International (NYSE:OISGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $255.41 million for the quarter, compared to the consensus estimate of $158.02 million. Oil States International had a positive return on equity of 4.28% and a negative net margin of 16.78%.The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Equities research analysts expect that Oil States International, Inc. will post 0.53 earnings per share for the current year.

Oil States International Company Profile

(Free Report)

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.

Further Reading

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Institutional Ownership by Quarter for Oil States International (NYSE:OIS)

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